I think it's sad that millions of paper bitcoin holders are waiting for a (potentially imaginary) lower end of retail buyers to pump their bags. After, we'll have another set of sub-class bagholders praying the next cycle will reward them. NGU culture makes me fucking sick tbh

You sure it ain't Paper Bitcoin Winter? 🥶🥶

STRC is a USD pegged security that offers a high yield, backed by the BTC held by MicroStrategy If you haven't realized yet, this is very similar to when Anchor protocol offered 20% yield on Terra Luna's UST Steady lads, deploying more ATM sales

A US regulated stock is a utility token for voting on board members of a corporation. Your "ownership" only extends to the corporate shell, not the company's individual assets. That's why marketing slogans like "bitcoin per share" and "bitcoin exposure" are borderline fraudulent

BTW, I framed this as a primarily "shitcoin" thing, but truth is most bitcoin treasury companies are bailing out bad crypto venture capitalists too Blockstream has raised over half a billion dollars in VC, but never shipped any successful products. $BSTR is the VC exit strategy

A little known fact is that in 2009, before Satoshi famously posted his thread on the P2P Foundation forums, Satoshi privately emailed P2P Foundation co-founder @mbauwens and offered to send him some bitcoin @mbauwens faded Satoshi's offer

If all @Nakamoto is going to do is acquire @UTXOmgmt, I actually think this salespitch is very misleading. Acquiring a venture fund doesn't mean acquiring the assets in the fund. The assets are still owned by the respected LPs. All it means is acquiring the rights to manage the fund and rights to earn management fees

If all @Nakamoto is going to acquire @UTXOmgmt, I actually think this salespitch is very misleading. Acquiring a venture fund doesn't mean acquiring the assets in the fund. The assets are still owned by the respected LPs. All it means is acquiring the rights to manage the fund and rights to earn management fees

Anyone notice all of the businessmen who fell for Prime Trust and Fortress Trust and gaslit the public for years are now starting bitcoin treasury companies or getting employed by them? They could barely even manage their own bitcoin treasury, and now want to run yours.

FYI: @L0laL33tz @SaniExp @DavidFBailey